MESA, Ariz. — The Mesa City Council has approved a development agreement for the construction of the Gateway Auto Mall project near Signal Butte and Pecos roads.
On Monday, the council approved a series of measures in support of developing about 60 acres near the Phoenix-Mesa Gateway Airport.
"The Developer intends to develop the Property to include an auto mall, a commercial area with multiple retail establishments for motor vehicles of between up to six to eight New Car Dealerships," a city report states.
The agreement with the city includes developers potentially receiving a tax reimbursement worth up to $11 million.
"Without the incentive, the project would not be able to locate in Mesa in the same time, place, or manner primarily because of the high level of infrastructure costs necessary to support the development," a city report states.
A third-party economic analysis done for the city shows Mesa could collect over $15 million in sales tax revenue on one of the car dealerships during a 12-year term.
"Gateway Auto Mall will bring about an exciting regional commercial auto and commercial use at a key arterial intersection, freeway interchange, and gateway into Mesa from other southeast valley cities," development documents state.
UP TO SPEED
Watch 12News+ for free
You can now watch 12News content anytime, anywhere thanks to the 12News+ app!
The free 12News+ app from 12News lets users stream live events — including daily newscasts like "Today in AZ" and "12 News" and our daily lifestyle program, "Arizona Midday"—on Roku and Amazon Fire TV.
12News+ showcases live video throughout the day for breaking news, local news, weather and even an occasional moment of Zen showcasing breathtaking sights from across Arizona.
Users can also watch on-demand videos of top stories, local politics, I-Team investigations, Arizona-specific features and vintage videos from the 12News archives.
Roku: Add the channel from the Roku store or by searching for "12 News KPNX."
Amazon Fire TV: Search for "12 News KPNX" to find the free 12News+ app to add to your account, or have the 12News+ app delivered directly to your Amazon Fire TV through Amazon.com or the Amazon app.
